Purchasing property in India is a significant milestone, often marked by a series of legal documents and paperwork. One such document that plays a crucial role in the property-buying process is the allotment letter. In this blog, we will delve into what an allotment letter is, its importance in property purchase, and the key information it typically contains.… Read more
Ownership in the Mountains: Property Regulations in Uttarakhand!
Uttarakhand, known for its stunning natural beauty and serene landscapes, has become an increasingly popular destination for property investment and real estate purchases. Whether you’re considering buying a second home in the hills or investing in commercial property, it’s crucial to be aware of the rules and regulations governing property transactions in this picturesque state of India. In this blog, we will guide you through the key rules and regulations to keep in mind when buying properties in Uttarakhand.… Read more
Navi Mumbai Land Dispute Heats Up: CIDCO Cancels Allotment of Two Plots to Godrej Properties!
In October 2023, the City and Industrial Development Corporation of Maharashtra (CIDCO) canceled the allotment of two adjacent plots in Navi Mumbai’s Sanpada area to Godrej Properties. This decision came after the company had emerged as the highest bidder for the plots in an e-auction held in March 2021.… Read more
Property Types Decoded: What Each One Offers You!
Real estate is a diverse and dynamic field, offering a wide range of property types to meet various needs and preferences. Whether you’re a prospective buyer, an investor, or simply curious about the world of real estate, understanding the different property types is crucial. In this blog, we’ll explore 10 common types of properties in real estate and what they mean for you.… Read more
How to Calculate Income Tax on Let Out Property in India?
A let-out property is a property that is rented out to tenants. The owner of the property receives rent from the tenants, which is considered income under the Indian Income Tax Act.… Read more
The Rise of Row Houses in India: Should You Invest in One?
In the diverse landscape of Indian real estate, the term “row house” often finds its way into property listings and conversations. If you’re considering investing in a home in India, it’s essential to understand what a row house is and whether it’s a suitable choice for you. In this blog, we’ll explore the meaning of a row house in the Indian context and help you determine if it’s a wise investment for your needs.… Read more
Why Zero-Rental Flats Are Gaining Popularity in Mumbai?
Zero-rental flats, also known as heavy deposit flats, are a type of rental agreement in which the tenant pays a large upfront deposit instead of monthly rent. The deposit is typically equivalent to 10-20 years of rent, and is returned to the tenant at the end of the tenancy period, minus any deductions for damage or unpaid bills.… Read more
Token Money and Property Agreements Explained!
Token money is a small amount of money paid by a buyer to a seller as a sign of good faith and intent to purchase a property. It is also known as earnest money or booking amount. Token money is usually paid at the beginning of the property transaction process, even before a formal sale agreement is signed.… Read more
Digital Auction Extravaganza: DDA’s Prime Plot Sale from November 7!
The Delhi Development Authority (DDA) will hold an e-auction for prime plots from November 7, 2023. The auction will include a variety of plots, including residential, commercial, institutional, and industrial plots. The plots are located in prime locations across Delhi, including Dwarka, Rohini, and Narela.… Read more
YEIDA’s Residential Scheme Draw for 1,184 Plots!
The Yamuna Expressway Industrial Development Authority (YEIDA) held a draw on October 18, 2023, for its residential plot scheme offering 1,184 plots in Sectors 16, 17, and 20. The draw was conducted under the supervision of an allotment committee to ensure fairness and transparency.… Read more